History of the Board of Trade of the City of Chicago, Vol. 2 (Classic Reprint)
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| Hersteller: | Forgotten Books (Taylor, Charles H.) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from History of the Board of Trade of the City of Chicago, Vol. 2 The record of the trade, commerce and manufacturers of Chicago for the year 1880 showed a marked increase in nearly all departments over that of its predecessor. Another big stride was taken in the development of its varied industries. The statistics show that there was a gain of 23¿ percent in the cash value of the produce marketed, nearly 16 percent in the money received for goods sold at wholesale, and 15 percent in the value of the material turned out by manufacturers. The average increase of 17.8 percent in the grand total of the year´s work was all the more surprising, as it was widely supposed that business was overdone in 1879. The tremendous spasm of commercial activity and speculative excitement which set in during 1879 carried prices up to an unusually high point, and stimulated speculation to such an extent that both appeared to be strained to a higher pitch than they would bear. The general average of prices was higher than in 1879, though in many departments the top quotations of that year were not repeated. The prices of breadstuffs ruled nearly 12 percent higher, and of live stock about 11 percent higher. The year was a very active one in produce circles, much more so than 1879, the volume of receipts and shipments being much larger. The largest increase was in corn. The receipts of that cereal alone were nearly equal to those of all kinds of grain for the biggest year preceding 1878. The live stock traffic over-topped all former records. The tendency of prices was on the whole in favor of the producer, and probably averaged higher than in any previous twelve months, if reckoned on a specie basis. A marked feature of the produce business was the augmented amount of capital commanded by the trade. There had been an abundance of money, but, in 1880, it was increased to a plethora. Another marked change was in the relations with Europe. The produce was consigned not only direct across the Atlantic, without help from the seaboard cities, except for the labor of transfer, but was distributed to ports on the continent without help from the English merchant. Corn, lard, meats and alcohol were shipped on through freight rates to ports in Holland, France, Spain, Portugal, Italy, etc., as well as to Great Britain and Ireland. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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